ABC’s ‘Shark Tank’ Wants to Cast More Minority Businesses

*The ABC Network and producer Mark Burnett’s One Three Media, have announced they are looking for minority and women-owned businesses to appear on their reality show “Shark Tank.”

To make this happen the casting directors for the show will be holding an open call on Friday, August 23, during the Kingonomics Innovation, Entrepreneurship & Investment Conference in Washington D.C.

They’ve stated that “all conference registrants will receive priority consideration for a chance to be a part of this casting call.”

Conference organizers gave an official statement sharing that, “The Kingonomics conference… will bring together experts in innovation, entrepreneurialism, crowd funding and in investment from all over the world to train minority business owners, start-ups, investors, youth entrepreneurs and veterans on how to access capital, invest, and obtain personal and business wealth.”

They added, “Now thousands of minority and women entrepreneurs will have the chance to fulfill their own dreams with a chance to audition for ABC’s Shark Tank, providing an opportunity for them to gain the much needed capital for growing their businesses.”

“Shark Tank” averaged close to 7 million viewers this past season and features a panel of “potential investors” called “sharks.” The “sharks” review offers from “aspiring entrepreneurs” seeking investments for their business or product. The entrepreneur is given the opportunity to make a deal on the show if a panel member is interested, but if not they leave with nothing.

Even once a deal is made it doesn’t actually go through until it passes the “vetting process,” which includes product testing, and the examination of the contestants’ personal and business financials in the days and weeks following the show.

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